My Charting Blog

It is interesting that I start off this Blog when the Singapore Stock Market is heading south. However, this makes it more interesting for me to write on as the market turned volatile. My interest is Technical Analysis, TA for short. I love to look at charts and predicting where they are heading. This blog is or me to record my thoughts on the market. The articles on this blog are based solely on my personal opinion on the charts that I read and readers should not take it as absolute.

3/28/2015

Interesting bhavior wth SGD HKD relationship

I was going though the currency against SGD and found SGD HKD to be interesting.

Fig 1 SGD HKD weekly chart

In this chart, I am seeing a double top with objective to HKD5.20. Further more, a secondary confirmation with a symmetrical triangle with objective HKD5.67 (met).

However, the indicators are at the bottom with serious considering for a rebound. I believe this counter will reverse and hit HKD5.90 in the shot run before descending further to HKD5.20.